At the end of the day, in order to make money someone has to lose money. It's sort of like a rat race if you think about it. I'm probably down about 5 figs from FMG but i'm happy to HODL. In regards to what
@Greatone has said, I truly believe that Twiggy has once proven himself despite all odds stack against him, and will do it again with FFI. Twiggy literally started with nothing, and turned tenements that have been discarded by BHP and RIO into the fourth largest iron exporter in the world (FMG). Management and company condition > short term SP fluctuations for me. That being said with 13 circa per ton cost price (excluding shipping), there is still plenty of money to be made prior to FFI as FMG are still generating good income. Two things that come hand in hand: net cost / net margins, where the cost is mainly affected by how cheaply FMG can produce vs margins which are affected by IOP, news, etc etc. Control the controllables.
I also agree that entry points and timing are important, these are factors that could potentially supercharge your returns over the long run when you do decide to realise your capital, but another important thing to consider are your values: (1) Are you blatantly buying FMG because it's a hypetrain, you've seen a few good TA's, did a bit of math considering history and feel like it's a good buy? (2) or do you BELIEVE in that FMG's future plans really correlate to your own values and you truly believe that your company and Twiggy will succeed?
(1) I believe all shareholders feel this to a certain extent, but if this is your main reason then good luck because you'll personally have to deal with results-oriented analysis such as people claiming they should've exited 26 and rebuy at 14 when its so much easier said than done. You'll also have to deal with your own emotions and other emotions you see online through broker analysis and HC posters.
(2) This is me, and hence why i feel that entry points are important.. but not a priority for me. I've entered FMG at circa 20, been DCA'ing my way down and honestly being down overall 25-30% when i have majority of my portfolio invested into FMG.. im cheering for this reason
"At the end of the day, in order to make money someone has to lose money." I'm happy that we have plenty of shareholders selling at FMG at a loss, downrampers and people who post biased comments with no research or proof, and shareholders that complain when FMG is down but cheer when theyre up. I'll happily top up and DCA as FMG finds it way to the official floor and stabilises, until then i'll happily enjoy my discounts. I always thought that downrampers and people who short FMG are the devils of the earth, but now that i think about it I'm really grateful for their assistance.
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